🚨 $LINK /USDT ALERT: Breakout or Pullback? Critical Levels to Watch! 🚨
Chainlink ($LINK ) is trading at $27.96, showing a remarkable 19.18% surge today. After reaching a 24-hour high of $29.45, LINK is consolidating, suggesting potential for either a breakout or retracement.
Key Levels to Watch:
Immediate Resistance: $29.50 – Breaking this level could signal a fresh bullish rally.
Critical Support: $27.50 – Holding above this level is crucial to maintain bullish sentiment.
Major Support: $26.00 – A drop below could trigger further downside pressure.
Short-Term Targets:
1. Target 1: $28.50 – Testing consolidation levels with bullish momentum.
2. Target 2: $29.50 – Reclaiming the daily high to attract new buying interest.
3. Target 3: $31.00 – Breaking above resistance could lead to extended bullish gains.
Trade Setup:
Long Entry: Around $28.00, if momentum sustains above $27.50.
Stop Loss: Below $26.50 to limit downside risk.
Take Profit Levels: $28.50, $29.50, $31.00.
⚠️ Note: Chainlink’s trading volume is increasing, indicating heightened interest. Stay cautious of volatility and watch for confirmation before entering trades.